Paramount Global (NASDAQ:PARA) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its holdings in Paramount Global (NASDAQ:PARA) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,808,989 shares of the company’s stock after purchasing an additional 397,231 shares during the quarter. Deutsche Bank AG’s holdings in Paramount Global were worth $39,842,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP increased its stake in Paramount Global by 140.1% in the fourth quarter. Allworth Financial LP now owns 2,391 shares of the company’s stock valued at $25,000 after purchasing an additional 1,395 shares during the period. Ossiam lifted its holdings in shares of Paramount Global by 57.2% during the fourth quarter. Ossiam now owns 2,810 shares of the company’s stock worth $29,000 after purchasing an additional 1,022 shares during the period. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Paramount Global during the fourth quarter worth $31,000. Rakuten Securities Inc. lifted its holdings in shares of Paramount Global by 187.8% during the fourth quarter. Rakuten Securities Inc. now owns 3,094 shares of the company’s stock worth $32,000 after purchasing an additional 2,019 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Paramount Global during the fourth quarter worth $35,000. 73.00% of the stock is currently owned by institutional investors and hedge funds.

Paramount Global Trading Up 0.3%

Shares of PARA stock opened at $11.99 on Wednesday. Paramount Global has a fifty-two week low of $9.54 and a fifty-two week high of $13.36. The stock has a market cap of $8.04 billion, a P/E ratio of -1.46, a P/E/G ratio of 1.68 and a beta of 1.25. The business has a fifty day simple moving average of $11.45 and a 200-day simple moving average of $11.09. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.85.

Paramount Global (NASDAQ:PARA) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Paramount Global had a positive return on equity of 5.81% and a negative net margin of 18.89%. The business had revenue of $7.19 billion during the quarter, compared to analysts’ expectations of $7.14 billion. During the same quarter last year, the business posted $0.62 earnings per share. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts forecast that Paramount Global will post 1.77 earnings per share for the current fiscal year.

Paramount Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Monday, March 17th. Paramount Global’s payout ratio is currently -2.43%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group decreased their price target on Paramount Global from $11.00 to $10.00 and set a “sell” rating for the company in a report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft downgraded Paramount Global from a “buy” rating to a “hold” rating and set a $12.00 target price for the company. in a research note on Wednesday, April 2nd. Morgan Stanley cut their target price on Paramount Global from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, May 6th. StockNews.com assumed coverage on Paramount Global in a research note on Friday, May 9th. They set a “hold” rating for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of Paramount Global in a research note on Thursday, February 27th. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.58.

About Paramount Global

Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands.